RECOMED: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
RECOMED
Largest movements
- Current investments -€200,000
down €200,000 (-80.4%), from €248,868 to €48,868
- Tangible fixed assets -€98,146
down €98,146 (-4.6%), from €2.1m to €2.0m
of which Land and buildings: -€65,717
- Cash -€75,945
down €75,945 (-18.4%), from €412,816 to €336,871
mainly Other debts (-€296,772) and Debts after one year (-€173,222)
- Other debts -€296,772
down €296,772 (-45.7%), from €649,911 to €353,139
- Debts after one year -€173,222
down €173,222 (-34.1%), from €508,455 to €335,233
- Reserves +€150,210
up €150,210 (+9.7%), from €1.6m to €1.7m
of which Tax-exempt reserves: +€147,350
- Tax, wage and social debts -€57,317
down €57,317 (-50.0%), from €114,630 to €57,313
of which Remuneration and social security: -€32,083
- Staff costs +€77,124
up €77,124 (+15.6%), from €493,126 to €570,250
- Gross operating margin +€46,538
up €46,538 (+5.2%), from €893,144 to €939,682
- Taxes -€22,610
down €22,610 (-30.0%), from €75,405 to €52,795
- Financial charges -€13,870
down €13,870 (-38.2%), from €36,299 to €22,429
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,009,452 | €2,620,114 | -€389,338 | -12.9% |
| Fixed assets | 21/28 | €2,139,223 | €2,041,078 | -€98,146 | -4.6% |
| Tangible fixed assets | 22/27 | €2,138,193 | €2,040,048 | -€98,146 | -4.6% |
| Land and buildings | 22 | €1,966,353 | €1,900,636 | -€65,717 | -3.3% |
| Plant, machinery and equipment | 23 | €46,765 | €45,765 | -€1,000 | -2.1% |
| Furniture and vehicles | 24 | €125,076 | €93,646 | -€31,429 | -25.1% |
| Financial fixed assets | 28 | €1,030 | €1,030 | = | 0.0% |
| Current assets | 29/58 | €870,229 | €579,036 | -€291,193 | -33.5% |
| Amounts receivable within one year | 40/41 | €163,571 | €153,586 | -€9,984 | -6.1% |
| Trade receivables | 40 | €163,571 | €152,859 | -€10,712 | -6.5% |
| Other amounts receivable | 41 | - | €728 | +€728 | |
| Current investments | 50/53 | €248,868 | €48,868 | -€200,000 | -80.4% |
| Cash at bank and in hand | 54/58 | €412,816 | €336,871 | -€75,945 | -18.4% |
| Deferred charges and accrued income | 490/1 | €44,975 | €39,711 | -€5,263 | -11.7% |
| Total equity and liabilities | 10/49 | €3,009,452 | €2,620,114 | -€389,338 | -12.9% |
| Equity | 10/15 | €1,566,381 | €1,716,591 | +€150,210 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,553,981 | €1,704,191 | +€150,210 | +9.7% |
| Tax-exempt reserves | 132 | €286,500 | €433,850 | +€147,350 | +51.4% |
| Distributable reserves | 133 | €1,267,481 | €1,270,341 | +€2,860 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,443,071 | €903,523 | -€539,548 | -37.4% |
| Amounts payable after more than one year | 17 | €508,455 | €335,233 | -€173,222 | -34.1% |
| Financial debts | 170/4 | €508,455 | €335,233 | -€173,222 | -34.1% |
| Amounts payable within one year | 42/48 | €927,634 | €568,097 | -€359,537 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €97,067 | €70,254 | -€26,813 | -27.6% |
| Trade debts | 44 | €66,026 | €87,391 | +€21,365 | +32.4% |
| Suppliers | 440/4 | €66,026 | €87,391 | +€21,365 | +32.4% |
| Taxes, remuneration and social security | 45 | €114,630 | €57,313 | -€57,317 | -50.0% |
| Taxes | 450/3 | €25,235 | €0 | -€25,235 | -100% |
| Remuneration and social security | 454/9 | €89,395 | €57,313 | -€32,083 | -35.9% |
| Other amounts payable | 47/48 | €649,911 | €353,139 | -€296,772 | -45.7% |
| Accrued charges and deferred income | 492/3 | €6,982 | €193 | -€6,789 | -97.2% |
| Remuneration, social security and pensions | 62 | €493,126 | €570,250 | +€77,124 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,929 | €149,657 | +€7,728 | +5.4% |
| Other operating charges | 640/8 | €10,472 | €11,368 | +€896 | +8.6% |
| Gross operating margin | 9900 | €893,144 | €939,682 | +€46,538 | +5.2% |
| Operating profit (loss) | 9901 | €247,617 | €208,408 | -€39,209 | -15.8% |
| Financial income | 75/76B | €8,681 | €17,026 | +€8,345 | +96.1% |
| Recurring financial income | 75 | €681 | €15,226 | +€14,545 | +2,136% |
| Non-recurring financial income | 76B | €8,000 | €1,800 | -€6,200 | -77.5% |
| Financial charges | 65/66B | €36,299 | €22,429 | -€13,870 | -38.2% |
| Recurring financial charges | 65 | €36,299 | €22,429 | -€13,870 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €219,999 | €203,005 | -€16,994 | -7.7% |
| Income taxes | 67/77 | €75,405 | €52,795 | -€22,610 | -30.0% |
| Profit (loss) for the period | 9904 | €144,594 | €150,210 | +€5,616 | +3.9% |
| Transfer to tax-exempt reserves | 689 | - | €147,350 | +€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €144,594 | €2,860 | -€141,734 | -98.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.